Next-Gen Lighting: The Rise of Connected LED Systems
The global LED lighting market is experiencing strong and steady growth, with market value rising from US$ 93.2 billion in 2023 to a projected US$ 211.6 billion by 2034. This expansion, fueled by a compound annual growth rate (CAGR) of 7.8%, is being driven by technological advancements, government initiatives, and growing demand for energy-efficient lighting across both residential and...
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